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Rohan Saha

Founder - Burn Inves... • 8m

There is no need to be too happy with today's market gains as the budget is yet to come, and we need to wait for it. The market valuation has improved, and the RBI is also increasing money liquidity. A rate cut might happen in the near future, which is very positive for the Indian market. Today's US housing sales data is also expected to come, and FIIs will be watching that closely. The index is still in the non-trading zone and has not yet broken the resistance.

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Those who are happy with today's market rally should definitely check the technicals. The market is still range-bound and hasn't broken its major resistance yet.

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Rohan Saha

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Alright, at least the rupee has come close to 85 thanks to the FIIs for bringing in so much USD into INR.

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